PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY (EIN 232611653) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

SCOTT M GOLDSTEIN MD

Phone

7178298412

Tax Period

2024-01-01 to 2024-12-31

PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY, founded in 1990, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 64 months of operating reserves.

Mission

PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY WAS INCORPORATED AS A NONPROFIT ORGANIZATION IN SEPTEMBER 1990. THE ACADEMY'S PURPOSE IS TO ACT AS THE VOICE OF OPHTHALMOLOGIC MEDICINE IN PENNSYLVANIA; TO FOSTER AMONG ITS MEMBERS THE PROVISION OF THEIR TALENTS, KNOWLEDGE, AND SKILL OR THE BENEFIT OF THE PUBLIC; TO SERVE AS A PATIENT ADVOCATE IN PROMOTING PREVENTIVE EYE CARE; AND TO ADVANCE THE KNOWLEDGE, SCIENCE, AND PRACTICE OF OPHTHALMOLOGY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $171,782

Investment Income $18,535

Other Revenue $0

TOTAL REVENUE $190,317

Expense Breakdown

Grants Paid $22,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $175,271

TOTAL EXPENSES $197,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,317	$244,920	-0.2%
Expenses	$197,271	$203,876	0.0%
Net Income	$-6,954	$41,044	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT M GOLDSTEIN MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
DONALD MORRIS DO	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
GAUTAM MISHRA MD	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
SHARON TAYLOR MD	IMMEDIATE PA	0.50	Officer Director	$0	$0	$0
DAVID I SILBERT MD	PAO PAC CHAI	0.50	Director	$0	$0	$0
SONIA MEHTA MD	EDU SEC & AA	0.50	Director	$0	$0	$0
MICHAEL J AZAR MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
EDWARD H BEDROSSIAN JR MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
ROBERT L BERGREN MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
JOEL D BROWN MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
KENNETH P CHENG MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
JASON FLAMENDORF DO	MEMBER-AT-LA	0.50	Director	$0	$0	$0
JEFFREY D HENDERER MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
NATASHA KOLOMEYER MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
JARED KNICKELBEIN MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
FRANCIS J MANNING MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
MARK C MARIA MD	MEMBER-AT-LA	0.50	Director	$0	$0	$0
ROGER P ZELT MD FACS	MEMBER-AT-LA	0.50	Director	$0	$0	$0
MELANIE GREENE	EXECUTIVE DI	25.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$190,317	$197,271	$1,044,225	$-6,954
2023	$244,920	$203,876	$926,692	$41,044
2022	$240,121	$212,926	$814,310	$27,195
2021	$220,673	$185,260	$900,744	$35,413
2020	$272,228	$207,191	$773,214	$65,037
2019	$350,543	$277,283	$564,552	$73,260
2018	$263,986	$274,917	$528,653	$-10,931

PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY